Endoscopy Equipment Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

Endoscopy is a medical process that permits a doctor to investigate and observe the body without performing any major surgery. An endoscope is a long, generally flexible tube with a lens at one end and a video camera at the other. Normally, an endoscope is inserted through one of the body's regular openings, like the mouth. Thus, the endoscopy equipment market is expected to witness a CAGR of around ~8% during the forecast period (2021–2027). This is mainly due to the rising prevalence of gastroesophageal reflux diseases, celiac disease, cardiology, neurology, orthopedic surgeries, inflammation, and biopsy worldwide.

The endoscopy equipment market is negatively impacted to some extent due to the COVID-19 pandemic. The major reason for the decline in endoscopy procedures during the COVID-19 pandemic was a decrease in patient volume in hospitals, hence, all elective surgeries were either canceled or postponed. Moreover, healthcare providers rescheduled endoscopic procedures. Furthermore, supply chain disruption, the shortage of healthcare professionals in the pandemic, and changing regulations to curtail the infection in major geographic regions significantly impacted the global market growth in 2020. However, the market witnessed an upward growth in Q3 and Q4 of 2020.

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 According to UnivDatos Market Insights (UMI)’ research report “global Endoscopy Equipment Market”, the market is expected to witness robust growth during the forecast period 2021-2027F. Endoscopy is a medical process that permits a doctor to investigate and observe the body without performing any major surgery. An endoscope is a long, generally flexible tube with a lens at one end and a video camera at the other. Normally, an endoscope is inserted through one of the body's regular openings, like the mouth. For instance, according to the World Population Ageing Report 2019 by United Nations (UN), In 2019, there were 703 million persons aged 65 years or over in the global population. This number is projected to double to 1.5 billion in 2050.

Based on product type, the market is classified into the endoscope, visualization system, other endoscope equipment, and accessories. Among them, in 2020, the endoscope category dominated the market and is expected to maintain its dominance throughout the forecast period. This is mainly due to the rising incidence of patients suffering from gastroesophageal reflux diseases (GERD), celiac disease, cardiology, neurology, orthopedic surgeries, inflammation, biopsy, and the rising geriatric population worldwide. For instance, according to the national institutes of health (NIH), researchers estimate that about 20 percent of people in the United States have gastroesophageal reflux diseases (GERD). Both the number of cases and the prevalence of pollution have been steadily increasing over the past few decades.

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Based on application, the market is bifurcated into gastrointestinal (GI) endoscopy, laparoscopy, obstetrics/ gynecology endoscopy, arthroscopy, urology endoscopy (cystoscopy), bronchoscopy, ENT endoscopy, mediastinoscopy, and others. Among them, in 2020, gastrointestinal (GI) endoscopy dominated the market. This high share of the segment is inferable from the rising geriatric populace and the increasing cases of gastrointestinal diseases. Also, the rising inclination for endoscopy procedure as a first-line treatment for early detection and diagnosis of gastrointestinal problems coupled with the rising accessibility of technologically advanced endoscopes are some of the major factors driving the growth of the segment. For instance, according to the research in 2019, the global prevalence of peptic ulcer disease (PUD) was approximately 8 million, representing a 25.82% increase from 1990.

Based on end-user, the market is bifurcated into hospitals, ambulatory surgery centers, and others. In 2020, the hospitals category accounted for the majority share during the forecast period owing to the rising adoption of endoscopy equipment in hospitals, increasing government and private funding in the healthcare sector, as well as the greater availability of skilled healthcare professionals and technologically advanced facilities, and the increasing number of hospitals, are further driving the category’s growth.

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North America to witness extensive growth

For a better understanding of the market adoption of the endoscopy equipment industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America); Europe (Germany, United Kingdom, France, Spain, Italy, Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific); and the Rest of World. In 2020. North America held an extensive market share owing to the rising prevalence of GERD, awareness, and well-established medical infrastructure and facilities. In addition, the APAC region has the fastest growth during the forecast period. Due to the increased cases of cardiac diseases, cancer, ulcer, and rising chronic disease complications in the geriatric population.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global endoscopy equipment market are Boston Scientific Corporation, Conmed Corporation, Fujifilm Holdings Corporation, Johnson & Johnson, KARL STORZ, Medtronic plc, Stryker Corporation, Olympus Corporation, Richard Wolf Gmbh, and Smith & Nephew plc.

“Global Endoscopy Equipment Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.      

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Market Segmentation:

1.      By Product Type (Endoscope, Visualization System, Other Endoscope Equipment, Accessories)

2.      By Application (Gastrointestinal Endoscopy, Laparoscopy, Obstetrics/ Gynecology Endoscopy, Arthroscopy, Urology Endoscopy (Cystoscopy), Bronchoscopy, Ent Endoscopy, Mediastinoscopy, And Others)

3.      By end-user (Hospitals, Ambulatory Surgery Centers/Clinics, Others)

4.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

5.      By Company (Boston Scientific Corporation, Conmed Corporation, Fujifilm Holdings Corporation, Johnson & Johnson, KARL STORZ, Medtronic plc, Stryker Corporation, Olympus Corporation, Richard Wolf Gmbh, and Smith & Nephew plc)

Key questions answered in the study:

1.      What are the current and future trends of the global endoscopy equipment industry?

2.      How the industry has been evolving in terms of equipment and application?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global endoscopy equipment industry?

5.      What is the customer orientation, purchase behavior, and expectations from the global endoscopy equipment suppliers across various region and countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 ENDOSCOPY EQUIPMENT MARKET COVID-19 IMPACT

6 ENDOSCOPY EQUIPMENT MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY PRODUCT TYPE

8 MARKET INSIGHTS BY APPLICATION

9 MARKET INSIGHTS BY END-USER

10 MARKET INSIGHTS BY REGION

11 ENDOSCOPY EQUIPMENT MARKET DYNAMICS

12 ENDOSCOPY EQUIPMENT MARKET OPPORTUNITIES

13 ENDOSCOPY EQUIPMENT MARKET TRENDS

14 DEMAND AND SUPPLY-SIDE ANALYSIS

15 VALUE CHAIN ANALYSIS

16 COMPETITIVE SCENARIO

17 COMPANY PROFILED

18 DISCLAIMER

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